HomeMy WebLinkAbout1997-09-09; City Council; Resolution 97-599z
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RESOLUTION NO. 97-599
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, TERMINATING THE CONTRACT WITH WELLS FARGO BANK
PROVIDING CUSTODIAL SERVICES TO THE CITY OF CARLSBAD.
WHEREAS, Wells Fargo Bank has sold its Institutional Services
business and will cease providing custodial services on November 1, 1997, and
WHEREAS, the current contract for custodial services with Wells
Fargo Bank allows either Wells Fargo Bank or the City of Carlsbad to terminate
the contract with thirty (30) days written notice, and
WHEREAS, it is beneficial for the City of Carlsbad to secure other
custodial services.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Carlsbad, California, as follows:
1. The City Treasurer is hereby authorized to sign a letter to Wells
Fargo Bank serving notice that of the City’s intent to terminate the contract for
custodial services as of November 1, 1997. The contract for banking services
will remain in effect.
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PAGE TWO OF RESOLUTION NO. 97-599
PASSED, APPROVED AND ADOPTED at a regular meeting of the
City Council on the z day of September, 1997, by the following vote, to wit:
AYES: Council Members Lewis, Finnila, Nygaard, Kulchin, an
NOES: None
ABSENT: None
CLAUDE A. LEWIS, Mayor
ATTEST:
ALETHA L. RAUTENwNZ, City Clerk (SEAL)
KAREN R. KUNDTZ, Assistant City Clerk
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